BOHEMIA, N.Y., Nov. 15, 2013 (GLOBE NEWSWIRE) -- Scientific Industries Inc. (OTCBB:SCND), reported net income of $2,100 ($.00 per basic share) on revenues of $1,436,100, for the three months ended September 30, 2013, as compared with a net loss of $62,200 ($.05 loss per basic share) on revenues of $1,351,700 for the three months ended September 30, 2012.
The increase of $84,400 (6%) in the Company's revenues for the comparative three month periods ended September 30, 2013 and 2012 resulted primarily from an increase in the sales of catalyst research instruments. The improved results were primarily the result of a reduction in the loss by the Bioprocessing Systems Operations and the Catalyst Research Instruments Operations due to increased revenues for both operations.
About Scientific Industries
Scientific Industries designs, manufactures, and markets a variety of laboratory equipment, including the world-renowned Vortex-Genie® 2 Mixer; produces and sells customized catalyst research instruments and the research, development and production of bioprocessing systems and methods. Scientific Industries' products are generally used and designed for research purposes in laboratories of universities, hospitals, pharmaceutical companies, chemical companies, and medical device manufacturers.
"Statements made in this press release that relate to future events, performance or financial results of the Company are forward-looking statements which involve uncertainties that could cause actual events, performance or results to materially differ. The Company undertakes no obligation to update any of these statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as to the date hereof. Accordingly, any forward-looking statement should be read in conjunction with the additional information about risks and uncertainties set forth in the Company's Securities and Exchange Commission reports, including our annual report on Form 10-K."